PointPark Properties (P3), the specialist owner, developer and asset manager of warehouse properties, has appointed Logan Smith as Chief Investment Officer to help drive the company’s ambitious business growth plans for its European platform. Smith joins P3 from Prologis, where he was the Head of European Acquisitions & Dispositions.
Ian Worboys, P3 CEO said: “P3 is embarking on one of the largest expansion programmes in the European logistics market thanks to the strong financial backing we’ve received from our private equity shareholders TPG and Ivanhoé Cambridge. I have full confidence that with Logan Smith’s expertise and track record, he will make a great contribution to the delivery of these plans.”
Smith has 16 years’ experience in logistics real estate in Europe and North America. He re-joined Prologis in Amsterdam in 2008 in the capacity of Asset Management and Acquisitions. Following the Prologis/AMB merger in 2011, he was appointed to lead the combined European Transactions team, managing or overseeing approximately €2 billion of acquisitions and dispositions. He Received an MBA from Harvard University and a degree in economics from Cornell University with Distinction.
Logan Smith, P3 CIO said: “There could hardly be a more exciting time to join the P3 team. The European logistics market is rapidly becoming more sophisticated and demanding at the operational level, requiring both efficiency as well as a genuine understanding of customers’ businesses. From an investment perspective, macro-level themes such as e-commerce and supply chain consolidation continue to generate attractive investment opportunities for teams that have the scale and expertise to execute upon them.”
ENDS
Note to editors
PointPark Properties (P3) is a specialist owner, developer and asset manager of warehouse properties. Headquartered in Prague and active throughout Europe, P3’s asset base comprises 54 warehouses spread across 8 countries and a land bank with zoning for more than 662,500 m2 for potential development.
P3’s mission is to provide warehouse tenants with a first rate occupancy experience in high quality buildings in the best locations. P3 develops environmentally sustainable warehouses that meet the highest international standards.
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